tds from remuneration to partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2010
Whether TDS is to be deducted from remuneration or salary or commission given to partners?
IF yes, under which section?
IF yes, under which section?
CMA Ramesh Krishnan
(Expert)
26 September 2010
TDS not applicable on Partners remunarations
Message likes :
1 times
26 September 2010
As per Section 28(v) of the Income Tax Act, salary paid to a partner of partnership firm is only business income in the hands of the partner and therefore no TDS would be made on the same.
Message likes :
2 times
Ajay Mishra
(Expert)
13 October 2010
Hi
Please also check the following link:
https://www.caclubindia.com/forum/salary-to-partner-58856.asp
Regards
Please also check the following link:
https://www.caclubindia.com/forum/salary-to-partner-58856.asp
Regards
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